Banco Santander, S.A. (SAN) Upgraded as Kepler Revamps Valuation Methodology

Banco Santander, S.A. (NYSE:SAN) is among the most profitable financial stocks to invest in. On January 13, Kepler Cheuvreux upgraded Banco Santander, S.A. (NYSE:SAN) to Buy from Hold and substantially lifted the price target from EUR8.81 to EUR12.40. The firm associates this positive stance with an updated methodology that more accurately reflects technology’s impact on the bank’s valuation, which it believes was previously underestimated. Having said this, the firm now forecasts a 20% Return on Tangible ...